ZetaChain is a layer 1 omnichain blockchain network with built-in chain-agnostic interoperability. It is the only decentralized network and smart contract platform that enables message passing between any blockchain by design. The platform is powered by its native ZETA token, facilitating security, anti-spam, and gas asset functions within the ZetaChain network.
Zetachain labs has already conducted several funding rounds, including a Seed round, a recent IEO on Gate.io, and an upcoming IEO round on OKX, raising over $27M in total.
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ZetaChain is the first public Layer 1 network that allows omnichain, generic smart contracts, and messaging between any blockchain network. It is powered by its native ZETA token, which plays a vital role in the security of the network and the Delegated Proof of Stake mechanism. With the $ZETA token, users can also pay gas fees within not just ZetaChain but external chain networks as well.
Recently, ZetaChain announced an airdrop of $ZETA for testnet participants, analyzing over 1.3M wallet addresses potentially eligible for retrodrop. However, the exact amount of tokens allocated for retrodrop, as well as rewards for eligible participants, remains unannounced.
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